Answer:
1. a) Dr Account receivable 16300
Cr Sales revenue 16300
b) Dr Cash 11200
Cr Account receivable 11200
2. Dr Inventory 4300
Cr Cash 1600
Cr Accounts payable 2700
3. Dr Wages expense 610
Cr Cash 610
4. Dr Cash 4200
Cr Advance from customer 4200
5. Dr utilities expense 270
Cr Utilities payable 270.
Answer:
He has to deposit $750.46 every month into the account
Explanation:
Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.
Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.
FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r
$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%
A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]
A = ( $57,000 - $10,618.05 ) / 61.80471
A = $46,381.95 / 61.80471
A = $750.46
You would have to divide the number of bushels by the price.
c.
Arrogantly
Explanation:
What Candice is saying here basically boils down to 'we don't need to compare this to last year's performance as I want to see positive results not negatives'<u> insinuating that the performance has become worse in the last year.</u>
<u>Regressions in a financial report mean weaker performance over the fiscal year while projections mean that the performance was better.</u>
